Macquarie buys US asset manager Delaware Investments

The Macquarie Group acquires US-based asset manager Delaware Investments for $428 million, adding $125 billion of AUM.

The Macquarie Group yesterday announced the acquisition of US-based asset management firm Delaware Investments for $428 million. Macquarie has earlier articulated a strategy of using MA to consolidate its position in its core businesses, taking advantage of opportunities created by the financial crisis, and yesterday's deal fits squarely into this strategy.

Delaware had assets under management of $125 billion as of June 30 and will bring the Macquarie Group's AUM to over $300 billion. Macquarie Funds Group...

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